If Joe Donaldson Deposited $80,000 in a Bank Account, Purchased

Multiple Choice

If Joe Donaldson deposited $80,000 in a bank account, purchased a company for $60,000 cash (Building $40,000 and Inventory $20,000) , performed services for clients for $10,000 cash, purchased supplies for $5,000 cash, and paid utilities of $2,000 cash, what is the company's net income for the month?

A) $8,000
B) $5,000
C) $3,000
D) None of the above